GEA CONSTRUCTION
ActiveSummary
GEA CONSTRUCTION has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €719,878 and a net result of -€55,125. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 857 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▲+10
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 25.3 against 28.15 in 2024; short-term debt: 2.7% and cash: 54.9% of total assets), and 3.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.4%
Return on assets
-7.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€55,125
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
29 d late
2023
29 d late
2022
29 d late
2021
31 d late
2020
25 d late
2019
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#7 company by equity in Liedekerke, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€55,125▲ 67.8%
2024 · -€171,047
Working capital
€493,976▼ 6.8%
2024 · €529,886
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,474€112,874▲ 480%€16,025▼ 85.8%-€173,521-€56,631▲ 67.4%
Net result€4,206within the sector's middle half€67,375within the sector's middle half▲ 1,502%-€1,555below the sector's middle half-€171,047below the sector's middle half▼ 10,899%-€55,125below the sector's middle half▲ 67.8%
Equity€880,229above the sector's middle half▲ 0.5%€947,605above the sector's middle half▲ 7.7%€946,050above the sector's middle half▼ 0.2%€775,003above the sector's middle half▼ 18.1%€719,878within the sector's middle half▼ 7.1%
Total assets€3.6mabove the sector's middle half▲ 114%€3.8mabove the sector's middle half▲ 7.9%€1.6mwithin the sector's middle half▼ 58.4%€802,614within the sector's middle half▼ 49.7%€747,145within the sector's middle half▼ 6.9%
Debt€2.7m▲ 243%€2.9m▲ 8.0%€641,681▼ 77.7%€19,520▼ 97.0%€20,331▲ 4.2%
Working capital€579,600above the sector's middle half▲ 5.1%€668,525above the sector's middle half▲ 15.3%€681,617above the sector's middle half▲ 2.0%€529,886within the sector's middle half▼ 22.3%€493,976within the sector's middle half▼ 6.8%
Solvency24.8%within the sector's middle half▼ 27.9pp24.7%within the sector's middle half=59.2%within the sector's middle half▲ 34.5pp96.6%above the sector's middle half▲ 37.3pp96.4%above the sector's middle half▼ 0.2pp
Current ratio1.22within the sector's middle half▼ 0.501.23within the sector's middle half▲ 0.012.06within the sector's middle half▲ 0.8328.15above the sector's middle half▲ 26.0825.30above the sector's middle half▼ 2.85
Return on assets (ROA)0.1%below the sector's middle half▲ 0.7pp1.8%within the sector's middle half▲ 1.6pp-0.1%below the sector's middle half▼ 1.9pp-21.3%below the sector's middle half▼ 21.2pp-7.4%below the sector's middle half▲ 13.9pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +68% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €56,631 in 2025 against €173,521 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €747,145
Fixed assets
€232,838 ▼ 8.0%
Current assets
€514,307 ▼ 6.4%
Equity and liabilities €747,145
Equity
€719,878 ▼ 7.1%
Provisions
€6,936 ▼ 14.3%
Debt
€20,331 ▲ 4.2%
Debt's share of the balance-sheet total rises from 2.4% to 2.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€36,260▲
2024 · -€153,150
Cash flow
-€34,754▲
2024 · -€150,676
Quick ratio
22.01▼
2024 · 24.72
Debt to equity
0.03▲
2024 · 0.03
ROE
-7.7%▲
2024 · -22.1%
Interest coverage
-313.29▲
2024 · -902.53
Debt ≤ 1 year
€20,331▲
2024 · €19,520
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,612 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,612 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,741 | €27,278 | €21,539 | €20,371 | €20,371 | = |
| Other operating charges640/8 | €25,501 | €13,113 | €11,623 | €6,481 | €6,270 | ▼ 3.3% |
| Non-recurring operating charges66A | €1,010 | - | - | - | - | - |
| Gross operating margin9900 | €76,725 | €153,265 | €49,188 | -€146,669 | -€29,990 | ▲ 79.6% |
| Operating profit (loss)9901 | €19,474 | €112,874 | €16,025 | -€173,521 | -€56,631 | ▲ 67.4% |
| Financial income75/76B | €15,379 | €11,618 | €13,774 | €1,488 | €466 | ▼ 68.7% |
| Recurring financial income75 | €15,379 | €11,618 | €13,774 | €1,488 | €466 | ▼ 68.7% |
| Financial charges65/66B | €30,477 | €36,009 | €28,536 | €170 | €116 | ▼ 31.8% |
| Recurring financial charges65 | €30,477 | €36,009 | €28,536 | €170 | €116 | ▼ 31.8% |
| Profit (loss) for the period before taxes9903 | €4,375 | €88,483 | €1,263 | -€172,203 | -€56,281 | ▲ 67.3% |
| Transfer from deferred taxes780 | €1,156 | €1,156 | €1,156 | €1,156 | €1,156 | = |
| Income taxes67/77 | €1,325 | €22,264 | €3,974 | - | - | - |
| Profit (loss) for the period9904 | €4,206 | €67,375 | -€1,555 | -€171,047 | -€55,125 | ▲ 67.8% |
| Transfer from tax-exempt reserves789 | €2,244 | €2,244 | €2,244 | €2,244 | €2,244 | = |
| Profit (loss) for the period to be appropriated9905 | €6,450 | €69,619 | €689 | -€168,803 | -€52,881 | ▲ 68.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.8m | €1.6m | €802,614 | €747,145 | ▼ 6.9% |
| Fixed assets21/28 | €316,762 | €289,484 | €273,680 | €253,209 | €232,838 | ▼ 8.0% |
| Tangible fixed assets22/27 | €306,527 | €279,249 | €263,445 | €243,074 | €222,703 | ▼ 8.4% |
| Land and buildings22 | €297,115 | €277,726 | €258,336 | €239,877 | €221,418 | ▼ 7.7% |
| Plant, machinery and equipment23 | €802 | €309 | €5,109 | €3,197 | €1,286 | ▼ 59.8% |
| Furniture and vehicles24 | €8,610 | €1,215 | - | - | €0 | - |
| Financial fixed assets28 | €10,235 | €10,235 | €10,235 | €10,135 | €10,135 | = |
| Current assets29/58 | €3.2m | €3.5m | €1.3m | €549,405 | €514,307 | ▼ 6.4% |
| Stocks and contracts in progress3 | €2.4m | €2.3m | €66,803 | €66,803 | €66,803 | = |
| Contracts in progress37 | €2.4m | €2.3m | €66,803 | €66,803 | €66,803 | = |
| Amounts receivable within one year40/41 | €690,877 | €673,775 | €81,927 | €6,389 | €37,126 | ▲ 481% |
| Trade receivables40 | €270 | - | €80,255 | €768 | €5,577 | ▲ 626% |
| Other amounts receivable41 | €690,607 | €673,775 | €1,672 | €5,621 | €31,549 | ▲ 461% |
| Cash at bank and in hand54/58 | €150,262 | €539,919 | €1.2m | €474,373 | €410,378 | ▼ 13.5% |
| Deferred charges and accrued income490/1 | €1,840 | €2,113 | €2,113 | €1,840 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.8m | €1.6m | €802,614 | €747,145 | ▼ 6.9% |
| Equity10/15 | €880,229 | €947,605 | €946,050 | €775,003 | €719,878 | ▼ 7.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | - | €62,000 | - |
| Issued capital100 | - | - | - | - | €62,000 | - |
| Outside capital11 | - | - | - | - | €0 | - |
| Other1109/19 | - | - | - | - | €0 | - |
| Reserves13 | €818,229 | €885,605 | €884,050 | €713,003 | €657,878 | ▼ 7.7% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves not available under the articles1311 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €22,440 | €20,196 | €17,952 | €15,708 | €13,464 | ▼ 14.3% |
| Distributable reserves133 | €789,589 | €859,209 | €859,898 | €691,095 | €638,214 | ▼ 7.7% |
| Provisions and deferred taxes16 | €11,560 | €10,404 | €9,248 | €8,092 | €6,936 | ▼ 14.3% |
| Deferred taxes168 | €11,560 | €10,404 | €9,248 | €8,092 | €6,936 | ▼ 14.3% |
| Amounts payable17/49 | €2.7m | €2.9m | €641,681 | €19,520 | €20,331 | ▲ 4.2% |
| Amounts payable within one year42/48 | €2.7m | €2.9m | €641,681 | €19,520 | €20,331 | ▲ 4.2% |
| Current portion of amounts payable after more than one year42 | €1.8m | €2.0m | - | - | - | - |
| Trade debts44 | €31,168 | €17,686 | €2,496 | €11,846 | €13,307 | ▲ 12.3% |
| Suppliers440/4 | €31,168 | €17,686 | €2,496 | €11,846 | €13,307 | ▲ 12.3% |
| Taxes, remuneration and social security45 | €117 | - | €3,974 | - | €2,351 | - |
| Taxes450/3 | €117 | - | €3,974 | - | €2,351 | - |
| Other amounts payable47/48 | €867,766 | €865,240 | €635,211 | €7,674 | €4,673 | ▼ 39.1% |
| Accrued charges and deferred income492/3 | €4,572 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,206 | €67,375 | -€1,555 | -€171,047 | -€55,125 | ▲ 67.8% |
| + Depreciation and write-downs630 | €30,741 | €27,278 | €21,539 | €20,371 | €20,371 | = |
| Operating cash flow (approximation) | €34,946 | €94,653 | €19,984 | -€150,676 | -€34,754 | ▲ 76.9% |
| Investment in fixed assets (approximation) | - | €0 | -€5,735 | €100 | €0 | ▼ 100% |
| Change in cash | - | €389,656 | €632,536 | -€698,082 | -€63,996 | ▲ 90.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€171,047
Net result drops to -€171,047, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 14current ratio 28.15
Current ratio from 2.06 to 28.15; short-term debt falls from €641,681 to €19,520.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €4,206
Net result €4,206 after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Liedekerke · 1 establishment unit since 2001
Ground area
2,677 m²
Building footprint
982 m²
Volume, LiDAR
4,598 m³
Parcel 23044A0049/00G000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Nijverheidszone 'Begijnenmeers' 3, 1770 Liedekerke
since 20012.116.374.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23044A0049/00G000 | Flanders | 2,677 m² | 1 · 982 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,766 companies in this sector we hold annual accounts for 16,066. 7,800 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded27-10-1999
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467165262
Also
9925:BE0467165262
Registered
30-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.